rikur_ wrote:cockney steve wrote:I don't see how any club is going to find £80 million. Yes, you did read that correctly £80 million.
OH, NO, HE DIDN'T. (Opps, sorry, the Panto season's done with
Nevertheless, i appreciate these ludicrous prices are offered for
speculative development sites Now, a little illustrative tale , but note this is mainly hearsay and the truth has not been verified.
Lancs Aero Club used to be based at Barton, they apparently leased the aerodrome. A bit dog-eared, but a thriving engineering workshop/hangar and a happy clubhouse and bar........For reasons unknown (presumably end of lease) the premises were sold to Manchester Airport and ultimately, LAC became homeless (those who are curious may wish to read/endure the "Ashcroft Farm" threads /website ) As an aviation operator found it economically viable to buy and operate this GA site, one has to question why the then incumbent management of LAC had no strategy or plan in place to secure the Club's future where they were already established and were in a position to know, long term, that this situation would arise, and plan accordingly. A crying shame ,as it was a smashing, friendly club.
This is just one example....I don't blame the current owners...their objective, as a business, is to return the maximum profit to their owners/shareholders.....An aero-club will generally be predominantly volunteers,so their labour cost-base will be lower Profit would be retained internally to make improvements for the benefit of members......Overall,a mutual (a club) has a big financial advantage over a commercial organisation.
As someone else commented, you can't expect to use several million poundsworth of facilities for a tenner, if the owners need to make a profit.